Friday, September 08, 2006

Dell's Pain Is Lenovo's Gain

From TheStreet:

"During a sultry August in Beijing, local PC giant Lenovo was kicking the heat up even higher on a struggling Dell.

In less than a month, Lenovo has poached nearly half a dozen of Dell's key Asia executives -- a move likely to bolster its standing outside its home market and deal a setback to Dell.

"It's a coup for Lenovo," says Victor Ma, a Hong Kong-based analyst for Morgan Stanley. "Given that [Lenovo CEO] Bill Amelio came from Dell, it's within expectations that he would take some of his troops to the new company. But the surprise is how many people have left, which is obviously symptomatic of the problems Dell's having."